Chievo Verona are on the verge of bankruptcy after they were excluded from the 2021-22 Serie B season due to financial irregularities.
There is one more level of appeal they can go through, the CONI Collegio di Garanzia, but after the Covisoc financial authority went through their books, now the FIGC has also ruled against Chievo.
All clubs in Italy must prove their financial stability before they can register for the new season, thereby hoping to avoid situations where clubs go under during the campaign.
According to news agency ANSA, the main problem with Chievo’s paperwork is that they have not fully resolved their situation with outstanding taxes.
Cosenza are ready to step in and take their place in Serie B, but there is one more level of appeal before that happens.
“Chievo are a club with an important history, so we’ll see what the third appeal has to say,” commented Lega Serie B President Mauro Balata.
Nicknamed the Flying Donkeys, because rivals Hellas Verona said Chievo would be in Serie A when donkeys flew across the sky, this club has been in the top three divisions for the last 35 years.
Most of it was under the Presidency of Luca Campedelli, who took them from obscurity to the top flight and even the Champions League preliminary rounds.
There are also five clubs excluded from the 2021-22 Serie C season, specifically Casertana, Novara, Carpi, Paganese and Sambenedettese.
If these sides do not win their third appeal, then they must be forced to begin again from Serie D.